Tuesday November 24, 2020

Euro fears as summit collapses

European Union leaders' failure to agree on a seven-year budget have fuelled new doubts over Europe's economic management and the future of the euro.

18th June, 2005

European Union leaders' failure to agree on a seven-year budget have fuelled new doubts over Europe's economic management and the future of the euro.

British prime minister Tony Blair challenged France's farm subsidies, while French president Jacques Chirac attacked Britain's annual refund, leading to a deadlock over the proposed €870 billion subsidy package for 2007-2013.

The two men traded recriminations after the Brussels summit collapsed early today, with Blair calling France's defence of farm handouts...

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